The Association of Banks in Cambodia (ABC) expresses its full support to implement the National Bank of Cambodia (NBC)’s Circular on Loan Restructuring during the Covid-19 pandemic “Circular” issued on 27 March 2020 in order to maintain financial stability and relieve the burden of borrowers whose main sources of income are impacted by the pandemic.
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Following the National Bank of Cambodia’s announcement No: ធ១៣ ០២០ ០០៤ ប្រកាសព័ត៌មាន ​ on USD Dollar Notes Denominated at $1, $2 and $5 in Cambodia, issued on the 28th May 2020, The Association of Banks in Cambodia hereby would like to make the following statements to its members and the public:
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On 25th – 26th May 2020: Chairman, Vice Chairman and General Manager of ABC attended the workshops on Banking and Finance in Cambodia in Banteay Meanchey and Battambang Province. The workshops have been attended by more than 100 participants in both provinces. There were authorities who came from Provincial Departments, District and Commune levels. For...
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The recently released report on the impacts of the Covid-19 outbreak by a civil society organization, does not reflect the real situation and is adversely affecting the banking and financial sector, which is the backbone of the entire national economy.
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